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Allocation of Agency Loans - GMSLA Provision: Difference between revisions
Allocation of Agency Loans - GMSLA Provision (view source)
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This bit gives the {{gmslaprov|Borrower}} the comfort that the it will find out who the {{gmslaprov|Principal}} {{gmslaprov|Lender}} even ''is'' - if it doesn't then there's a bit of a practical problem knowing who to sue if yon Lender neglects to return its collateral which, in the ordinary course, it will have over-margined with a [[haricut]] of 5 percent or so. So this is a live issue, especially if, as many institutional Borrowers do, you borrow from [[agent lender]]s in BIG SIZE. | This bit gives the {{gmslaprov|Borrower}} the comfort that the it will find out who the {{gmslaprov|Principal}} {{gmslaprov|Lender}} even ''is'' - if it doesn't then there's a bit of a practical problem knowing who to sue if yon Lender neglects to return its collateral which, in the ordinary course, it will have over-margined with a [[haricut]] of 5 percent or so. So this is a live issue, especially if, as many institutional Borrowers do, you borrow from [[agent lender]]s in BIG SIZE. | ||
[[Yours truly]] has waxed really rather lyrical about this conundrum in the modern asset management industry elsewhere on this wiki - try, for example, [[undisclosed principal | ===Unallocated trades=== | ||
{{unallocatedtrades}} | |||
[[Yours truly]] has waxed really rather lyrical about this conundrum in the modern asset management industry elsewhere on this wiki - try, for example, [[undisclosed principal]]. | |||